If you pay "Dividends" to the stockholders you will?

Accounting Entry would be :

1) Retained Earning  ..............Debit

      To Dividend payable a/c

2) Dividends Declared will be closed to Retained Earnings

  Dividend Declared a/c Debit

     To Retained Earning

3) Payment of Dividend

Dividend Payable will be Debited 

    To Cash will be credited......

3)

1. DEBIT  Dividend.............................................................................................................................................................

I will debit Dividends.......................